CTPSB is showing strong growth(APR 58.5%)
I guess most of the users in Hive are already aware of CTP (Click Track Profit) tribe which has its own tribe condenser as https://www.ctptalk.com/ and community can be accessed at https://peakd.com/c/hive-119826/created.
CTP SB is short form of CTP Swarm Booster that is to help the users posting in the CTP community. CTP community is very dedicated towards building their Hive power as it is also evident from their Dolphin Swarm program too. So @ctpsb account is working towards increasing it's Hive Power (+ other tribe token but currently they are not represented by CTPSB token.) On October 1st 2020, CTPSB issued 1 CTPSB token for 1 Hive each and it is expected that with the increase in Hive power of CTPSB account ,these token value will keep increasing on Hive value. You can now clearly see that buy order of this token is now at 1.028 Hive and sell orders are at 1.07 .
How they increasing the CTPSB token value CTPSB token engage on curation activities and it's curation rewards are suppose to increase it's Hive power with time giving more value to each token that it is backing.
But how 58.5% APR You will say curation in Hive is just fetch average of 12 to 15% then how CTPSB got 58.5? There are following reason for this high APR. 1. Effective HP of this account is currently >24K against 8K of it's own. Account is not paying to delegators now and all delegation are some kind of donation or more precisely a community building initiative. 2. Author HP is also added in rewards of this account.(so it is Author rewards + curation rewards.) 3. Some users set this account as beneficiary for their post so that HP of this account can keep on rising.
It is more of community project but it give real benefits to small investors having very less Hive power as they can see their Hive growing rapidly without powering it up at all and if they are regular in community then they might be added in swarm, enjoying wider reach in Hive, nice engagement and some good upvotes.
Please feel free to upvote, comment and reblog.
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